Tele Columbus buys Pepcom

Tele Columbus, Germany’s third-largest cable network operator, has agreed to buy rival Pepcom to create a combined company reaching 3.7 million homes, in a deal valued at €608 million (including debt).

Tele Columbus currently provides its Internet, telephony and pay-TV services to 2.8 million households in Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia while pepcom’s customers are in Bavaria and Hesse.